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Bridge Loans

High-end residential developer financing and bridge loans.

Whether you need bank-financed or a bridge construction loan, Insignia Mortgage has long-standing relationships with lenders who will close on time, make fast decisions, and honor their terms.

  • Loans from $500,000 up to $25 million.
  • Interest-only loan options OK including construction take-out loans for real estate developers.
  • Loans to LLC, limited partnerships, corporations, and irrevocable trusts OK.
  • Close as quickly as 14 days.
  • Custom loan structures including cross-collateralized and blanket loans with interest-only.
  • No tax returns required to qualify.
  • Foreign borrowers welcomed.
BRIDGE LOANS
UP TO 25 MILLION1, 2
FLOATING LINE OF CREDIT
Interest Rates
APR
6.500%
6.804%
No tax return required.
View All Rates »


Our Bridge Loan Program has the following added features:

48-72 hour Letter of
Intent (LOI), close as
quickly as 14 days.
Interest rates from
7.99%.
Access to
professionally
managed real estate
hedge funds with local
market knowledge.
spotlight-bridge-1200

Transaction Spotlight

The Situation

We recently closed on a $17 million take out bridge loan in Bel Air for high-end real estate developer with non-recourse financing.

The Solution

Insignia Mortgage found a local commercial bank to provide bridge take-out financing of construction loan providing developer another 18 months to sell the home. The developer and bank agreed on non-recourse financing which focused solely on the property valuation in analysis.

The Loan Details

  • $17 million dollar bridge take-out loan
  • 55% LTV
  • 6.99% APR, plus 1.5% points
  • 12-month term with 6-month extension
  • Interest only with 12-month interest reserve
  • No prepayment penalty
  • 17-day close of escrow
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(1) Disclosures
(1) No Tax Return loans and foreign national loan products require other forms of income documentation and asset verification in lieu of tax returns. Not all applicants will qualify. Some products we offer may have a higher interest rate, more points or more fees than other products requiring more extensive or different documentation. (2) Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Loan to values (LTV) are based on appraised value. Actual closing times will vary based on borrower qualifications and loan terms. All loans are subject to credit approval. (3) With an interest-only mortgage payment, you will not pay down the loan's principal balance during the interest-only period. Once the interest-only period ends, your payments will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contact your Insignia Mortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends. (4) With an adjustable rate mortgage (ARM), once the fixed rate period ends, the loan payment will adjust after an initial period and then adjust on a regular basis as set forth in the loan documents. For example, a “3/1” loan will have an interest adjustment 3 years after the loan closes and every 12 months thereafter. Also, the loan will be subject to annual and lifetime adjustment caps. Contact your Insignia Mortgage loan officer to determine what your payments might be once the fixed rate period of the loan ends. (5) Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, BRE #01969620, NMLS #1277691
(2) Disclosures
(1) Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Actual closing times will vary based on borrower qualifications and loan terms. All loans are subject to credit approval. (2) “Loan to Cost” (LTC) is defined as the acquisition price of the property plus the cost to build as determined by a bank appraisal. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. (3) With an interest-only mortgage payment, you will not pay down the loan's principal balance during the interest-only period. Once the interest-only period ends, your payments will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contact your Insignia Mortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends. (4) With an adjustable rate mortgage (ARM), the loan payment will adjust after an initial period and then adjust on a regular basis as set forth in the loan documents. For example, a “3/1” loan will have an interest adjustment 3 years after the loan closes and every 12 months thereafter. Also, the loan will be subject to annual and lifetime adjustment caps. Contact your Insignia Mortgage loan officer to determine what your payments might be once the fixed rate period of the loan ends. (5) Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, BRE #01969620, NMLS #1277691.